Code · Louisiana · Title 9 — Civil Code-Ancillaries

RS 9:2273

100 words·~1 min read·/la/title-9/9-518

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

RS 9:2273

§2273. Who may be trustee

Only the following persons may serve as a trustee of a trust established by this Part:

(1)A natural person enjoying full capacity to contract who is a citizen or resident alien of the United States.

(2)A federally insured depository institution organized under the laws of Louisiana, another state, or of the United States, or a financial institution or trust company authorized to exercise trust or fiduciary powers under the laws of Louisiana or of the United States.

Acts 2003, No. 480, §1; Acts 2008, No. 637, §1, eff. Jan. 1, 2009.